Athena cuts variable rates 9 times in 3 years

As Aussie home borrowers face down the increasingly likely prospect of interest rate rises, one mortgage challenger is bucking the trend and dropping its variable rates to new record lows.

Popular online lender Athena has just cut its variable rates for the 9th time in 3 years. Athena now has some of the lowest fee-free variable rates in the Mozo comparison database, starting from just 1.89% p.a. for owner occupier borrowers.

“There is a lot of speculation that the cash rate will go up later this year, so we have the opportunity to allow our customers to save more and get ahead on their loan before that happens. That’s what our voluntary rate drop is all about”, said Nathan Walsh, Athena CEO and Co – Founder.

Since launching in 2019, Athena has made a name for itself for consistently passing through RBA rate cuts to both new and existing customers.

The mortgage challenger estimates it has saved Australians $414 million in interest so far, and customers are loving it. Athena customer Sue from Victoria told Mozo, “The only regret I have is not leaving my previous provider earlier…. Don’t waste your time and money with the big banks”.

So if you're looking for a better value mortgage that could save you thousands, read on for our expert rundown of Athena’s lowest new home loans for owner occupiers and investors….


Athena Celebrate Variable Home Loan
  • Rates from just 1.89% variable and comparison rate* (minimum 40% deposit)
  • Free offset account, extra repayments and redraw
  • Zero Athena fees

The Athena Celebrate Home Loan features a killer variable rate that stays great from start to finish and zero upfront or ongoing fees. Features include a free 100% offset account, free extra repayments and free redraw. On top of that, to reward borrowers for paying down their home loan, Athena automatically lowers your rate as you pay down your loan. It's available to borrowers purchasing in capital or major regional cities.


Athena Celebrate Variable Home Loan - Investors
  • Rates from just 2.19% variable and comparison rate* (minimum 40% deposit)
  • Fee-free 100% offset account
  • Zero Athena fees

Investors borrowing with Athena can also enjoy competitive variable rates, along with a range of flexible features like a free 100% offset account, free extra repayments and redraw. Plus you'll pay absolutely zero Athena fees too. Available for investor loans of up to $2,000,000.

Want to compare more home loans? View the latest mortgage rates from over 80 lenders at Mozo's home loan comparison hub.

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* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate, loan amount and term entered. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

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